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3 years ago

How much will Chris’s investment account be worth in five years if he invests $5,000 with 2.8% interest?

Mathematics

1 answer:

vovikov84 [41]3 years ago

6 0

Answer:

$\$5,700$

Step-by-step explanation:

we know that

The simple interest formula is equal to

$A=P(1+rt)$

where

A is the Final Investment Value

P is the Principal amount of money to be invested

r is the rate of interest

t is Number of Time Periods

in this problem we have

$t=5\ years\\ P=\$5,000\\r=0.028$

substitute in the formula above

$A=\$5,000(1+0.028*5)$

$A=\$5,000(1.14)=\$5,700$

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You have 5 Red Marbles, 4 Green Marbles, and 3 Blue Marbles in a Bowl. You randomly pick 4 marbles from the bowl (without replac

makvit [3.9K]

Answer:

Step-by-step explanation:

In this case each one is an independent event, therefore, the multiplication of each one would be the final probability

We have 5 Red Marbles, 4 Green Marbles, and 3 Blue Marbles, that is, there are 5 + 4 + 3 12 Marbles in total.

Now if I draw a red one, the probability would be: 5/12

When drawing another red, the probability would be: 4/11

When taking the green: 4/10

When removing the blue: 3/9

Finally, the final probability is:

P = (5/12) * (4/11) * (4/10) * (3/9)

P = 0.020

In other words, the probability of this happening is 2%

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3 years ago

A random survey of 1000 students nationwide showed a mean ACT score of 21.1. Ohio was not used. A survey of 500 randomly selecte

vodka [1.7K]

Answer:

We conclude that the mean Ohio score is below the national average.

Step-by-step explanation:

We are given that a random survey of 1000 students nationwide showed a mean ACT score of 21.1. Ohio was not used.

A survey of 500 randomly selected Ohio scores showed a mean of 20.8. The population standard deviation is 3.

Let $\mu$ = mean Ohio scores.

So, Null Hypothesis, $H_0$ : $\mu$ $\geq$ 21.1 {means that the mean Ohio score is above or equal the national average}

Alternate Hypothesis, $H_A$ : $\mu$ < 21.1 {means that the mean Ohio score is below the national average}

The test statistics that would be used here One-sample z test statistics as we know about population standard deviation;

T.S. = $\frac{\bar X-\mu}{\frac{\sigma}{\sqrt{n}}}$ ~ N(0,1)

where, $\bar X$ = sample mean Ohio score = 20.8

$\sigma$ = population standard deviation = 3

n = sample of Ohio = 500

So, test statistics = $\frac{20.8-21.1}{\frac{3}{\sqrt{500}}}$

= -2.24

The value of z test statistics is -2.24.

Now, at 0.1 significance level the z table gives critical value of -1.2816 for left-tailed test. Since our test statistics is less than the critical values of z as -2.24 < 1.2816, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which we reject our null hypothesis.

Therefore, we conclude that the mean Ohio score is below the national average.

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4 years ago

Select the correct answer.

andrew-mc [135]

I think the answer would be 8+9

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3 years ago

Find the exact circumference of a circle with the given radius. 5 inches C = 2.5 in. 10 in. 25 in.

notsponge [240]

If the given radius is 5 inches, then the circumference, C is 2pi r, or 2pi(5 inches) = 10pi inches. You MUST include pi in your calculation of C.

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